Nifty Futures 10.30AM Call
10.30AM: Nifty Futures opened today at 4870 against its previous close of 4862, and is currently trading at 4839. It has so far recorded a HIGH of 4875 & a LOW of 4835. Asian cues are mixed, US futures are in red, and European markets may open slightly negative today. The trading range for NF today is likely to be 4830-4910, with a strong possibility of short coverings in the last 2-3 hours of trading.
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Market Close Report
3.30PM: Nifty futures closed the day at 4860, down 2 points, after touching a low of 4832 & a high of 4875.
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NIFTY OUTLOOK
Nifty continued its tight range trade for the 4th day today ahead of the Union Budget slated tomorrow, and closed the day at 4860, up just 1 point. Expect a highly volatile trade on the last day of the week, being the budget day, with nifty likely to fall by 50 points in the open, and recovering from the lows by a wide margin.
Nifty levels for 26.02.10 Friday are: PIVOT 4858, R1 4881 & R2 4903, S1 4837 & S2 4814.
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